How low will we go
08-10-2023 | 10:40 AM
#61
Line Holder
Joined: Apr 2008
Posts: 244
Likes: 19
From: MD-11 Guru
Per today’s 2nd quarter numbers volume in June was down 9.9% vs 2022 and profit margin has slipped to a little over 11%. We are only making $660,000,000 per month instead of the usual $1,000,000,000 per month. Unless volume markedly increases, I’d say we are still on track for a early 2024 system bid.
21 VLOA (off without pay, but full benefits for the 56 day bid period)
45 RDG (Reduced Guarantee lines, basically half pay for half work)
I see a system bid as well, but not one that generates new hire classes, another reshuffle of the deck chairs.
08-11-2023 | 09:14 AM
#62
Gets Weekends Off
Joined: Jun 2008
Posts: 2,941
Likes: 0
BLUF: If you are going to spend decades at a company, it’s the long haul profitability and stability that matters, not fast upgrades.
I understand why someone would bail to Delta or United right now. However, we are “struggling” right now and our financial numbers compare very nicely with Delta which just set records for their profitability.Delta June Quarter 2023 GAAP Financial Results
UPS 2nd Quarter
I understand why someone would bail to Delta or United right now. However, we are “struggling” right now and our financial numbers compare very nicely with Delta which just set records for their profitability.Delta June Quarter 2023 GAAP Financial Results
- Record operating revenue of $15.6 billion
- Record operating income of $2.5 billion with an operating margin of 16.0 percent
- Pre-tax income of $2.3 billion with a pre-tax margin of 14.9 percent
UPS 2nd Quarter
- Consolidated Revenues of $22.1B, Compared to $24.8B Last Year
- Consolidated Operating Profit of $2.8B; Adj. Consolidated Operating Profit of $2.9B
- Consolidated Operating Margin of 12.6%; Adjusted Consolidated Operating Margin of 13.2%
08-12-2023 | 06:36 AM
#69
Line Holder
Joined: Apr 2008
Posts: 244
Likes: 19
From: MD-11 Guru
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